Associate

Written By Inform Solutions


About HCAP Partners

HCAP Partners is a private equity firm specializing in providing mezzanine debt and private equity for underserved, lower-middle market companies throughout the United States. The firm seeks to invest $5 million to $35 million in established businesses generating between $10 million and $100 million in revenues in the healthcare, software, services, and manufacturing industries. Since its founding, HCAP Partners has invested in over 65 companies and, through active engagement with portfolio companies, provides value-added resources to help optimize performance and increase enterprise value. The firm has a strong history as an impact fund, recognized as an ImpactAssets 50 fund every year since 2014, and is a founding member of both the Global Impact Investing Network and Impact Capital Managers. Through its Gainful Jobs Approach™, HCAP Partners works to facilitate a positive impact on underserved businesses, their employees, and their communities.

About The Position

Job Title: Associate
Employment: Full-time
Location: San Diego, CA – In Person
Expected Start Date: ASAP

Our investment associates play a central role in executing deals, managing portfolio companies, and supporting firmwide initiatives. Operating in a lean and highly collaborative team structure, associates work closely with partners, senior investment professionals, and portfolio company management teams. The environment is dynamic, analytical, and research-driven, with meaningful exposure to live transactions and strategic initiatives.

Key Responsibilities

The key responsibilities of the associate role include the following:

Assess and Execute New Investment Opportunities:

  • Lead preliminary assessment of teasers and CIMs for fit against investment criteria.

  • Drive financial modeling efforts, including LBO, capitalization, and sensitivity analysis.

  • Conduct deep industry research and market mapping to inform investment theses.

  • Evaluate opportunities through the lens of the Gainful Jobs Approach™ and impact alignment.

  • Lead generation of investment memos and contribute to IC presentations.

  • Coordinate due diligence workstreams and interface with third-party advisors.

  • Support structuring discussions and formation of capital structures, including leverage metrics.

  • Manage data room requests and coordinate with external co-investors/lenders. 

Portfolio Company Monitoring and Support:

  • Own monthly and quarterly performance tracking, including KPI analysis and reporting.

  • Lead preparation of quarterly LP reporting sections related to portfolio companies.

  • Review and update quarterly portfolio company valuations. Provide deal leads context and suggested valuations for each portfolio company covered. 

  • Conduct competitive/market updates relevant to each portfolio company.

  • Develop and assess add-on acquisition strategies, including pipeline building.

  • Monitor progress against Gainful Jobs metrics and support impact measurement.

  • Attend and participate in operating review calls with management teams.

  • Be the liaison and support Partners and Deal Leads in all portfolio company requirements.

  • Support strategic projects such as budgeting improvements, pricing initiatives, and operational enhancements.

Other Responsibilities:

  • Maintain CRM accuracy for sourcing, pipeline, and portfolio tracking.

  • Participate in weekly team meetings and present on new opportunities.

  • Mentor and oversee interns and analysts as needed.

  • Stay informed on broader market conditions, including private credit and equity trends.

  • Support business development initiatives and impact-related events.

Qualifications:

  • 2–4 years of relevant experience in investment banking, private equity, private credit, or management consulting.

  • Strong academic background with a Bachelor’s Degree in Business, Finance, Economics, or related fields.

  • Advanced financial modeling skills and mastery of Excel.

  • Strong understanding of capital structure, leveraged finance, and transaction dynamics.

  • Excellent writing and communication skills; proficient in Word and PowerPoint.

  • Highly organized, detail-oriented, proactive, and capable of taking ownership of projects.

  • Demonstrated interest in impact investing and mission-aligned value creation.

  • Willingness to work full-time in person in San Diego, CA.

  • Experience or knowledge in the healthcare sector is a plus.

HCAP Partners is an Equal Opportunity Employer and will not engage in unlawful discrimination on any basis prohibited by local, state or federal law. This policy applies to all aspects of employment, including recruitment, placement, promotion, transfer, demotion, compensation, benefits, social and recreational activities and termination.

For more information or to submit your resume, email info@hcap.com.

Inform Solutions

Inform Solutions serves as a trusted brand and communications partner to investment firms and their portfolio companies, establishing brand foundations and supporting go-to-market efforts that align with funding, growth, and acquisition goals. We further strengthen company positioning and thought leadership through clear, visually engaging long-form communications and reporting, helping organizations articulate their work with credibility and purpose.

https://inform.solutions/
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